Expert rajiv biswas, who explained the Economic Impact of these floods. Of these floods. Well if flooding of these floods. Well if flooding so of these floods. Well if flooding so for of these floods. Well if flooding so for any of these floods. Well if i flooding so for any month of these floods. Well if flooding so for any month of july is estimated to cost around 25 billion us dollars, then of course the season for then of course the season for the extreme weather events is not yet over, august and september, historically, have also often had Severe Weather events, such as typhoons and floods, as well as droughts. Last year china was also hit by very severe drought. So what were seeing increasing impact of Severe Weather events on china and this is, of course, linked to rising temperatures globally, Climate Change is very much linked to what we are seeing at present in china and in recent years and there is a lot of concern that as Global Temperatures rise further towards that globa
2 , the catalyst was moodys downgrading the Credit Rating on several small and medium sized us banks, Including Mmt and pinnacle financial. The red flags raised the Ratings Agency included a potential recession, as well as problem side to the commercial real estate sector. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed for the first time americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft, which reported results after the us market close, ebbo s small arrival is focusing higher revenue in the Third Quarter based in part by a Postman Damik rebound in ray jones. Meanwhile, an electric vehicle maker posted a narrower loss than expected and raised its Production Guidance for the full year. Elsewhere on wall street this morning, nine companies, including ban
Hour. England ride their luck to reach the womens world cup quarterfinals. But theyll be without laurenjames, whose one match ban could be extended, following her sending off against nigeria. And we have a north south split in the weather today. In the north, largely dry with some sunshine, but wind increasing in the far north east. In the south, turning cloudy and murky with some patchy light rain. All the details later. Its tuesday the 8th of august. Our main story. 15 Asylum Seekers have spent their first night on the governments controversial Accommodation Barge, after a series of delays over safety concerns. Ministers want to move hundreds more onto the Bibby Stockholm in dorset this week, but some have already refused to go, launching legal challenges. All this comes as the home Office Announces a new taskforce to crack down on Rogue Lawyers who may be helping migrants to remain in the uk, underfalse claims. Ellie price reports. The first Asylum Seekers move into their new tempor